Mkts end first session of 2010-11 on strong note
Mumbai, Apr 1: After two days of profit booking, Indian markets closed the first session of 2010-11 fiscal on a strong note.
The 30-share BSE Sensex ended at 17,692.62, up 164.85 points or 0.94 per cent and the 50-share NSE Nifty surged 0.79 per cent or 41.40 points to shut shop at 5,290.50.
The BSE Smallcap Index closed 2.43 per cent higher while Midcap Index gained 0.88 per cent.
While
selling
in
Bharti
Airtel,
ONGC,
HUL,
Maruti,
M&M,
Tata
Power,
Idea
Cellular,
Ambuja
Cements,
BPCL,
Power
Grid
and
Siemens,
echnology,
metal,
capital
goods,
banking
&
financial
and
realty
stocks
along
with
heavyweight
Reliance
Industries
and
Tata
Motors
witnessed
buying
interest.
4:
36
PM
Mkts back in the green zone on +ve Asian cues
Riding on the back of positive Asian cues, the Indian markets are back on the positive path. While Nifty held on to the early trade gains, Sensex maintained a 100 point surge.
At
1:
24
pm,
BSE
Sensex
was
trading
at
17634,
up
106
points
and
NSE
Nifty
was
at
5277,
up
29
points.
The
broader
indices
continued
to
outdo
the
benchmarks.
The
BSE
Midcap
Index
was
up
0.74
per
cent
while
Smallcap
gained
2
per
cent.
After seeing turbulance over the past few session, the Technology stocks were up. TCS, Wipro and Infosys rose 2 to 2.5 per cent.
Posting encouraging fourth quarter numbers, BHEL gained 1 per cent. Heavyweight Reliance Industries gained 1.5 per cent, SBI rose 0.5 per cent and HDFC surged 1.7 per cent.
Among the other gainers were Tata Motors, Cairn, Jaiprakash Associates, L&T, Reliance Infrastructure, Suzlon Energy and Grasim along with shares of realty and metal companies as they witnessed buying interest.
On
the
negative
side,
selling
was
seen
in
ONGC,
Bharti,
HUL,
SAIL,
Maruti
(its
QoQ
sales
numbers
were
not
strong),
Tata
Power,
M&M,
BPCL,
NTPC,
Ambuja
Cements,
Siemens,
Power
Grid
and
Idea
Cellular.
2:
13
PM
Mkts choppy; auto, FMGC stocks suffer selling
Nifty is rangebound between 5260-5280 amid trading choppy with a positive bias. Sensex was marginally up. However, the broader indices were outperforming the benchmarks.
At 11.42 am, Sensex was up 71.93 points or 0.41 per cent at 17599.70, and the Nifty up 20.65 points or 0.39 per cent at 5269.75. BSE Midcap was up 0.6 per cent and Smallcap index was up 1.7 per cent.
While IT, consumer durables, realty, capital goods and pharma were witnessing buying interest, selling was plaguing auto and FMCG stocks.
Wipro was the top largecap gainer. Among other gainers were Reliance Infra, TCS, Jaiprakash Associates and Reliance Power up 1.6 to 2 per cent.
Reliance was trading up 0.98 per cent, IT major Infosys was up 1.53 per cent while Hindustan Lever was down 2.95 per cent.
However, HUL, Maruti Suzuki, Tata Power, ONGC and Bharti Airtel slipped 1 to 1.5 per cent.
Procter and Gamble, Hind Oil Exploration, Essar Shipping, Puravankara Projects and Pfizer were midcap gainers while Shree Renuka, Asian Star, Simplex Infra, KS Oils and Sunteck Realty slipped.
Rico
Auto,
Sterling
Holidays,
Websol
Energy,
BAG
Films
and
Carol
Info
gained
in
the
smallcap
arena.
However,
Rollatainers,
Oriental
Hotels,
Cholamandalam
DBS,
JMD
Telefilms
and
Oscar
Inv
lost.
12:
42
PM
After
2
days
of
profit
booking,
Nifty
bounces
back
After
reeling
under
two
days
of
profit
booking,
Nifty
on
Apr
1
bounced
back
starting
the
month
on
a
positive
note.
At 9:02 am, NSE Nifty was trading at 5274, up 25 points and BSE Sensex was at 17616, up 89 points. The CNX Midcap rose 48 points to 7753.
The markets were, however, experiencing volatility.
Technology, metal, telecom, auto ahead of monthly sales numbers and select banking stocks along with Reliance Industries were the early gainers.
Buying interest were seen in fronliners such as M&M, Reliance Communications, DLF, Hero Honda, Tata Steel, Infosys, IDFC, Reliance Power, Cairn India, Ambuja Cements, HDFC and HCL Technologies.
On the negative side, Tata Power and HUL dipped.
In the Midcap and Smallcap arena, Mundra Port plunged over 4 per cent. Sugar stocks like Shree Renuka Sugars and Balrampur Chini shed 0.5 to 1.5 per cent while Rana Sugurs plummeted 4.7 per cent.
The
gainers
were
TVS
Motors
up
2.6
per
cent,
Shree
Ashtavinayak
and
TV18
up
over
1.5
per
cent,
Welspun
India
up
3.4
per
cent,
and
United
Bank
of
India
up
2.6
per
cent.
9:
47
AM
OneIndia News